Home » Daily Current Affairs Quiz – 19th June 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 19th June 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

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1) In June 2024, Which bank has implemented digital lending procedures designed specifically for MSMEs (micro, small, and medium-sized enterprises)?

(a) Canara bank

(b) Karnataka bank

(d) Federal bank

(e) DBS bank

2) The Reserve Bank of India (RBI) has cancelled Purvanchal Co-operative Bank’s licence from which state due to a lack of adequate capital and earnings prospects?

(a) West Bengal

(b) Uttar Pradesh

(d) Jharkhand

(e) Odisha

3) According to the SBI Report, Public Sector Unit Banks Continue to Rule the Indian Banking Landscape. Based on the research, public sector banks own more than what percentage of all ATMs in the nation?

(a) 62%

(b) 60%

(d) 63%

(e) 59%

4) The mutual fund sector is prepared to capitalize on the manufacturing trend as an investing subject. How many manufacturing funds are there at present, three of which are handled passively?

(a) 5

(b) 6

(d) 8

(e) 9

5) As per the report, a new legislation seeks to improve citizen security and simplify criminal justice procedure. How many new criminal laws will be enforced in India starting on July 1, 2024?

(a) 4

(b) 3

(d) 1

(e) 5

6) Which ministry is preparing to launch the third version of the flagship government scheme FAME 3.0, which is scheduled to be announced in the Union Budget 2024?

(a) Ministry of Defence

(b) Ministry of Agriculture

(d) Ministry of Heavy Industry

(e) Ministry of Jal Shakthi

7) The Union government’s 100-day program would include the much-anticipated National Mission on which among the following product?

(a) Wheat

(b) Corn

(d) Soya beans

(e) Dal

8) Which state administration intends to waive farm loans up to ₹2 lakh, under the direction of Chief Minister Champai Soren. This is more than the ₹40,000 waiver that was previously in place?

(a) West Bengal

(b) Uttar Pradesh

(d) Jharkhand

(e) Odisha

9) The Madhya Pradesh (MP) government has finalized preparations for the reintroduction of cheetahs into the Gandhi Sagar Wildlife Sanctuary, this will be the second habitat for cheetahs in India, following which National Park?

(a) Kuno NP

(b) Pench NP

(d) Satpura NP

(e) Van Vihar NP

10) As per the report, Dassault Systèmes, the technology branch of the Paris-based Dassault Group, aims to generate $1 billion in revenue from India by which year?

(a) 2025

(b) 2026

(d) 2028

(e) 2029

11) How many megawatt solar power plant in Bikaner, Rajasthan, created by Brookfield Asset Management, has the International Finance Corporation (IFC) pledged to partially finance it?

(a) 550MW

(b) 450MW

(d) 650MW

(e) 250MW

12) As of May 2024, which nation has been surpassed by the United Kingdom to become India’s fourth-largest export market?

(a) USA

(b) China

(d) Singapore

(e) Russia

13) The business that owns the Paytm brand, One 97 Communications Limited (OCL), has named Rajeev Krishnamuralilal Agarwal as a non-executive independent director. Who has relinquished their position as a non-executive independent director?

(a) Vijay Sharma

(b) Neeraj Arora

(d) Karthikraj

(e) Harsh Vardhan

14) Girish Tanti, the vice chairman of Suzlon, has been chosen to lead the Global Wind Energy Council India (GWEC India). India has substantial onshore wind capacity and is the __________ largest wind market in the world.

(a) 3rd

(b) 4th

(d) 2nd

(e) 6th

15) In June 2024, A Farmer Siddhesh Sakore from Maharashtra was recognized by the United Nations Convention to Combat Desertification as a Land Hero. In an event in Bonn, Germany, on June 17, World Desertification and Drought Day, the UNCCD revealed the identities of how many Land Heroes?

(a) 5

(b) 6

(d) 8

(e) 10

16) The Physical Research Laboratory (PRL) scientists in Ahmedabad have found three new craters on Mars. The town in Uttar Pradesh, India, has inspired the name of the second crater as ____________.

(a) Hilsa

(b) Lal

(d) Spurr

(e) Bailley

17) In June 2024,“Divya Drishti,” a cutting-edge AI personal identification tool, is developed by a woman-led start-up under a technology development fund. Which city’s Center for Artificial Intelligence & Robotics (CAIR), a DRDO facility, provided technical direction and mentorship for the tool’s development?

(a) Pune

(b) Kolkata

(d) Bengaluru

(e) Hyderabad

18) Which state hosted the National Youth Athletics Championships where Neeru Pathak’s incredible performance resulted in a new U18 national record in the women’s 400m?

(a) West Bengal

(b) Uttar Pradesh

(d) Jharkhand

(e) Chhattisgarh

19) As per the report, India’s emerging tennis star, Sumit Nagal, has achieved a major career milestone by advancing to a career-best ATP singles ranking of _______.

(a) 70

(b) 71

(d) 75

(e) 77

20) Which date is designated as World Sauntering Day, an annual global event that encourages people to take a moment to slow down, appreciate their surroundings, and get outdoors?

(a) June 18

(b) June 19

(d) June 21

(e) June 17

Answers :

1) Answer: C

Short Explanation:

The City Union Bank (CUB) has introduced digital lending processes tailored for Micro, Small, and Medium Enterprises (MSMEs).
This includes instant loans for MSMEs and retail secured loans such as housing loans, affordable home loans, loans against property, and auto loans.
Turnaround Time:Loans ranging from ₹5 crore to ₹7.50 crore are disbursed to MSMEs within a turnaround time of 24-48 hours, showcasing rapid processing capabilities.

Detailed Explanation:

The City Union Bank (CUB) has introduced digital lending processes tailored for Micro, Small, and Medium Enterprises (MSMEs).
This includes instant loans for MSMEs and retail secured loans such as housing loans, affordable home loans, loans against property, and auto loans.
Turnaround Time:Loans ranging from ₹5 crore to ₹7.50 crore are disbursed to MSMEs within a turnaround time of 24-48 hours, showcasing rapid processing capabilities.
Loan Book Composition:As of March 2024, MSME and agriculture sectors constitute 56% of CUB’s total loan book, indicating a significant focus on these segments.
Recruitment and Capability Enhancement:To enhance competitiveness, CUB has hired approximately 10 executives at the Assistant General Manager (AGM) level and above.
These recruitments aim to strengthen capabilities in retail banking, analytics, credit management, and operations.
Strategic Goals and Customer Segmentation:
Strategy 1: Targeting existing customers who have loans with other financial institutions.
Strategy 2: Focusing on existing depositors and customers seeking new loans.
Strategy 3: Attracting new customers.
Target Customer Segments:The bank focuses on salaried individuals and self-employed professionals as primary target customers, varying strategies based on customer needs and product offerings.

2) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has cancelled the licence of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh as it does not have adequate capital and earning prospects.
Impact on Depositors:Upon liquidation, depositors will be entitled to receive deposit insurance claim amounts up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC).

Detailed Explanation:

The Reserve Bank of India (RBI) has cancelled the licence of Purvanchal Co-operative Bank, Ghazipur, Uttar Pradesh as it does not have adequate capital and earning prospects.
Impact on Depositors:Upon liquidation, depositors will be entitled to receive deposit insurance claim amounts up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC).
Approximately 99.51% of depositors are expected to receive the full amount of their deposits from DICGC.
Financial Position:The cooperative bank is unable to pay its depositors in full based on its current financial position.
Prohibition on Banking Activities : Following the license cancellation, Purvanchal Co-operative Bank is prohibited from conducting banking activities, including accepting and repaying deposits.
RBI also informed that DICGC (as on May 30, 2024) has already paid Rs 12.63 crore of the total insured deposits based on the willingness received from the depositors concerned of the bank.

3) Answer: D

Short Explanation:

The Public Sector Banks (PSBs) in India hold a dominant position in the banking sector by accounting for more than 50% of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a report by the State Bank of India.
The report indicates that public sector banks hold over 63% of the total ATMs in the country, whereas private banks manage only 35%.
Deposit Share: Public sector banks hold 59% of total deposits in the country, indicating higher public trust compared to private banks’ 32% share.

Detailed Explanation:

The Public Sector Banks (PSBs) in India hold a dominant position in the banking sector by accounting for more than 50% of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a report by the State Bank of India.
The report indicates that public sector banks hold over 63% of the total ATMs in the country, whereas private banks manage only 35%.
Deposit Share: Public sector banks hold 59% of total deposits in the country, indicating higher public trust compared to private banks’ 32% share.
Digital Banking: PSBs are leaders in digital banking with over 54% of credit cards issued, surpassing private banks’ 37.8% share.
Efficiency: PSBs operate at an efficiency rate of 82.76%, higher than private banks’ 79.59%, demonstrating their operational effectiveness.
State Bank of India (SBI): SBI stands out as the leading PSB, holding the highest share of deposits, operating the largest ATM network, and issuing the most credit cards.
Sector Growth: The banking sector has shown a 6% growth in Total Factor Productivity (TFP), primarily driven by efficiency improvements rather than technological advancements.
Role of Private Banks: While PSBs dominate, private banks contribute significantly by offering diverse services and competing in the market.
Diversification: Besides PSBs and private banks, the emergence of payment banks, small finance banks, and Regional Rural Banks (RRBs) has diversified the banking sector, enhancing financial inclusion.

4) Answer: D

Short Explanation:

The mutual fund industry is all set to ride the manufacturing wave as a theme for investment.
The National Democratic Alliance government, under Prime Minister Narendra Modi, is continuing incentive policies aimed at boosting corporate investments, particularly in manufacturing.
New Fund Offers (NFOs):Motilal Oswal Asset Management and Invesco India MF have filed papers with SEBI to launch thematic funds focused on manufacturing.
Number of Funds:Currently, there are 8 manufacturing funds, with 3 of them being passively managed.

Detailed Explanation:

The mutual fund industry is all set to ride the manufacturing wave as a theme for investment.
The National Democratic Alliance government, under Prime Minister Narendra Modi, is continuing incentive policies aimed at boosting corporate investments, particularly in manufacturing.
New Fund Offers (NFOs):Motilal Oswal Asset Management and Invesco India MF have filed papers with SEBI to launch thematic funds focused on manufacturing.
Mahindra Manulife AMC and Baroda BNP Paribas are also launching new fund offers on manufacturing by the end of the month.
Fund Performance and Assets:HDFC AMC raised ₹9,563 crore through its manufacturing fund launched last month.
Canara Robeco Manufacturing Fund, launched in March, already has an AUM (Assets Under Management) of ₹1,374 crore as of May-end.
Number of Funds:Currently, there are 8 manufacturing funds, with 3 of them being passively managed.
Kotak Manufacture in India Fund recorded a 54% return in the same period.
Nifty India Manufacturing – TRI saw a 62% increase over the last year and a 45% increase over three years.
Government Initiatives:The government aims to increase the manufacturing sector’s contribution to GDP from 17% to 25% through initiatives like ‘Make in India’ and ‘Atmanirbhar Bharat’.

5) Answer: B

Short Explanation:

From July 1,2024, India will witness the enforcement of three new criminal laws: Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Act.
These laws, replacing the Indian Penal Code, Code of Criminal Procedure, and Evidence Act, bring innovative ideas to address contemporary challenges.
Objectives: The new laws aim to modernize criminal justice procedures and enhance citizen security under the framework of Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Act.

Detailed Explanation:

From July 1,2024, India will witness the enforcement of three new criminal laws: Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Act.
These laws, replacing the Indian Penal Code, Code of Criminal Procedure, and Evidence Act, bring innovative ideas to address contemporary challenges.
Legislative Background: Passed by Parliament in December and granted presidential assent the same month, these laws were scheduled for implementation from February 25, following a deferred notification by the Centre.
Training Initiatives: Preparations for the laws’ implementation are underway, focusing on training stakeholders for effective enforcement.
Objectives: The new laws aim to modernize criminal justice procedures and enhance citizen security under the framework of Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Act.
This transition marks a significant reform in India’s legal framework, aiming to meet contemporary legal challenges effectively.

6) Answer: D

Short Explanation:

The Ministry of Heavy Industries (MHI) is gearing up to launch the third iteration of the flagship government scheme, Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) 3.0, expected to be announced in the Union Budget 2024.
According to sources familiar with the matter, the new phase aims to significantly boost electric vehicle (EV) adoption with a budget ranging from Rs 12,600 crore to over Rs 30,000 crore.

Detailed Explanation:

The Ministry of Heavy Industries (MHI) is gearing up to launch the third iteration of the flagship government scheme, Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) 3.0, expected to be announced in the Union Budget 2024.
According to sources familiar with the matter, the new phase aims to significantly boost electric vehicle (EV) adoption with a budget ranging from Rs 12,600 crore to over Rs 30,000 crore.
Inclusion of Alternative Fuel Vehicles: One proposal seeks to incorporate vehicles powered by alternative sources such as hydrogen and biofuels, expanding the scope beyond conventional electric vehicles.
Budget Allocation: The scheme is anticipated to be allocated a substantial budget, reflecting the government’s commitment to promoting sustainable mobility solutions.
Strategic Objectives: FAME 3.0 aims to accelerate the adoption and manufacturing of EVs, fostering innovation and infrastructure development in the sector.

About FAME:

FAME stands for Faster Adoption and Manufacturing of Hybrid and Electric Vehicles in India.
It’s a government-backed scheme.
It seeks to promote the use of electric vehicles in India.
The scheme was introduced in 2015 and is divided into two phases: FAME India Phase I and FAME India Phase II.

7) Answer: C

Short Explanation:

The Union government is set to announce its 100 days programme, which is expected to feature the long-awaited National Mission on Oilseeds.
This initiative, spearheaded by the Agriculture Ministry, aims to significantly increase domestic oilseeds production.
The target is to raise production by an additional 2-3 million tonnes by 2025-26, surpassing the current output of approximately 40-41 million tonnes.

Detailed Explanation:

The Union government is set to announce its 100 days programme, which is expected to feature the long-awaited National Mission on Oilseeds.
This initiative, spearheaded by the Agriculture Ministry, aims to significantly increase domestic oilseeds production.
The target is to raise production by an additional 2-3 million tonnes by 2025-26, surpassing the current output of approximately 40-41 million tonnes.
This initiative underscores the government’s commitment to enhancing agricultural productivity and achieving greater self-reliance in the crucial sector of edible oils.
Reducing Import Dependency: The primary goal of the National Mission on Oilseeds is to lower India’s dependency on imported edible oils.
Production Enhancement: By boosting domestic production, the mission aims to enhance India’s self-sufficiency in oilseed cultivation.
Strategic Timeline: The target timeline for achieving the production increase is set for 2025-26, aligning with broader agricultural objectives.

8) Answer: D

Short Explanation:

The Jharkhand government, led by Chief Minister Champai Soren, plans to waive farm loans up to ₹2 lakh.
This is an increase from the previous waiver amount of ₹40,000.
The free electricity quota for households will be raised from the current 125 units to 200 units.
Support for Unemployed Youth: Financial Support : The government aims to support unemployed youth by offering loans of ₹25 lakh with a 40% subsidy to facilitate the establishment of businesses for sustainable livelihoods.

Detailed Explanation:

The Jharkhand government, led by Chief Minister Champai Soren, plans to waive farm loans up to ₹2 lakh.
This is an increase from the previous waiver amount of ₹40,000.
The free electricity quota for households will be raised from the current 125 units to 200 units.
Support for Unemployed Youth: Financial Support : The government aims to support unemployed youth by offering loans of ₹25 lakh with a 40% subsidy to facilitate the establishment of businesses for sustainable livelihoods.
Education Sector InitiativesTeacher Recruitment:The recruitment process for 40,000 assistant teachers is underway and expected to be completed by September.
Recruitment of tribal and regional language teachers is scheduled to begin next month.
Development Projects and Housing SchemeDevelopment Projects:Inaugurated and laid foundation for 182 development projects valued at ₹152.76 crore.
Housing Scheme:The state government initiated construction and distribution of houses under the Abua Awas Yojana for tribal communities.

9) Answer: A

Short Explanation:

The Madhya Pradesh (MP) government has completed its preparations for the reintroduction of the cheetahs in the Gandhi Sagar Wildlife Sanctuary, which will be the second home for cheetahs in India, after the Kuno National Park (KNP).
Under the ambitious cheetah reintroduction project, 8 Namibian cheetahs were released into enclosures at KNP in MP’s Sheopur district on September 17, 2022.
Later (in February 2023), 12 more cheetahs were brought from South Africa.
According to MP’s wildlife officials, the sanctuary makes for perfect cheetah habitat, as it looks like Maasai Mara – a national reserve in Kenya known for its savanna wilderness and wildlife.

Detailed Explanation:

The Madhya Pradesh (MP) government has completed its preparations for the reintroduction of the cheetahs in the Gandhi Sagar Wildlife Sanctuary, which will be the second home for cheetahs in India, after the Kuno National Park (KNP).
Under the ambitious cheetah reintroduction project, 8 Namibian cheetahs were released into enclosures at KNP in MP’s Sheopur district on September 17, 2022.
Later (in February 2023), 12 more cheetahs were brought from South Africa.
According to MP’s wildlife officials, the sanctuary makes for perfect cheetah habitat, as it looks like Maasai Mara – a national reserve in Kenya known for its savanna wilderness and wildlife.

About the Gandhi Sagar Wildlife Sanctuary :

The sanctuary (notified in 1974) is spread across (an area of 368.62 sq km) the districts of Mandsaur (187.12 sq km) and Neemuch (181.5 sq km) in western MP, right on the border with Rajasthan.
The Chambal River cuts the sanctuary into two almost equal halves and the Gandhi Sagar dam (constructed on the river in 1960) lies within the area of the sanctuary.
Preparations for the Introduction of Cheetahs in Gandhi Sagar : A 64 sq km area has been developed for the cheetahs at a cost of Rs. 17.72 crores.
A soft release enclosure (boma) of 1 sq km, with four equal partitions, has been constructed to provide a suitable and secure habitat.
The Chairperson of the Cheetah Steering Committee was tasked to oversee and evaluate the overall readiness of the WLS to “ensure that the sanctuary is adequately equipped and prepared to support the successful integration and conservation of cheetahs within its natural landscape”.
Previous Cheetah Releases : On September 17, 2022, 8 Namibian cheetahs – 5 females and 3 males were released into enclosures at Kuno National Park in Sheopur district.
In February 2023, 12 more cheetahs were brought from South Africa.
Now, only 13 of the 20 adult cheetahs survive.
Another 13 cubs born to these cheetahs put the total population of the animals in Kuno at 26 currently.

10) Answer: C

Short Explanation:

Dassault Systèmes, the technology arm of the Paris-based Dassault Group, has set an ambitious target of achieving $1 billion in revenue from India by 2027.
The company, renowned for its virtual twin technology across various industries, sees India as a rapidly growing market.

Detailed Explanation:

Dassault Systèmes, the technology arm of the Paris-based Dassault Group, has set an ambitious target of achieving $1 billion in revenue from India by 2027.
The company, renowned for its virtual twin technology across various industries, sees India as a rapidly growing market.
Revenue Projection: Dassault Systèmes anticipates reaching $1 billion in revenue from India by 2027, leveraging the fast-growing demand for virtual twin solutions.
Global Perspective: Globally, the company reported revenue close to 7 billion euros in 2023, highlighting its substantial presence and capabilities.
Virtual Twin Technology: Dassault Systèmes offers virtual twin technology across industries such as aerospace, healthcare, automotive/EV manufacturing, and consumer goods.
This technology enables iterative product development and evaluation in a simulated environment, minimizing costs and time.
Post-Pandemic Insights: A joint study by Dassault Systèmes and Nasscom revealed a significant increase in virtual twin implementations among mid-sized enterprises post-pandemic, underscoring its growing relevance and adoption.

11) Answer: A

Short Explanation:

The International Finance Corporation (IFC) has committed to partially finance a 550 MW solar power project in Bikaner, Rajasthan, developed by Brookfield Asset Management.
With an investment of $105 million through long-term non-convertible debentures allocated to the project’s special purpose vehicles, IFC aims to support India’s renewable energy goals and facilitate competitive tariffs for commercial and industrial (C&I) consumers across the country.

Detailed Explanation:

The International Finance Corporation (IFC) has committed to partially finance a 550 MW solar power project in Bikaner, Rajasthan, developed by Brookfield Asset Management.
With an investment of $105 million through long-term non-convertible debentures allocated to the project’s special purpose vehicles, IFC aims to support India’s renewable energy goals and facilitate competitive tariffs for commercial and industrial (C&I) consumers across the country.
Project Scope: The solar power project will generate 550 MW and supply electricity to C&I consumers under long-term power purchase agreements (PPAs) and through the merchant market via exchanges.
Green Energy Corridor: The project will be integrated into India’s inter-state transmission system, contributing to the nation’s green energy corridor initiative.
IFC’s First Hybrid Offtake Structure in Asia-Pacific: This investment marks IFC’s first in the region using a hybrid offtake structure, combining corporate PPAs with C&I consumers and merchant market sales.
India’s Renewable Energy Ambitions: India aims to scale up its non-fossil fuel capacity to 500 GW by 2030, fostering a conducive environment for significant investments in renewable energy.

Impact and Outlook:

With over $10 billion in annual investments attracted between 2017 and 2022, India’s renewable energy sector is poised for continued growth, expecting annual investments to reach $25 billion by 2030.
Brookfield’s extensive portfolio of renewable power assets, exceeding 25 GW in operation or development, underscores its commitment to capitalizing on India’s transition towards sustainable energy solutions.
This partnership between IFC and Brookfield signifies a pivotal step towards advancing India’s renewable energy landscape and achieving its decarbonization objectives.

12) Answer: B

Short Explanation:

In a significant development, the United Kingdom has overtaken China to become India’s fourth-largest export market as of May 2024.
This shift reflects a notable increase in exports to the UK compared to the previous year.
Export Growth: India’s exports to the UK surged, reaching $1.37 billion in May 2024, marking a one-third increase.

Detailed Explanation:

In a significant development, the United Kingdom has overtaken China to become India’s fourth-largest export market as of May 2024.
This shift reflects a notable increase in exports to the UK compared to the previous year.
Export Growth: India’s exports to the UK surged, reaching $1.37 billion in May 2024, marking a one-third increase.
Comparison with China: While exports to the UK grew significantly, exports to China also increased but at a slower rate of 3%, totaling $1.33 billion.
Previous Ranking: The UK was previously ranked sixth in India’s export markets, indicating a substantial rise in its position.
Trend Analysis: Although specific disaggregated data for May wasn’t detailed, recent months have shown a consistent upward trend in exports to the UK.
The United States (US) continued to remain India’s largest export destination, with 13 per cent growth, followed by the United Arab Emirates (UAE), which saw 19 per cent jump.
Export to the Netherlands, which is also India’s third-largest export market, soared to $2.19 billion with nearly 44 per cent growth in May 2024.

13) Answer: B

Short Explanation:

Rajeev Krishnamuralilal Agarwal has been appointed as Non-Executive Independent Director at One 97 Communications Limited (OCL), the company that owns the Paytm brand.
Neeraj Arora has stepped down as Non-Executive Independent Director of One 97 Communications Limited due to other commitments and personal reasons.

Detailed Explanation:

Rajeev Krishnamuralilal Agarwal has been appointed as Non-Executive Independent Director at One 97 Communications Limited (OCL), the company that owns the Paytm brand.
Neeraj Arora has stepped down as Non-Executive Independent Director of One 97 Communications Limited due to other commitments and personal reasons.
Agarwal is an Engineering graduate from IIT-Roorkee and belongs to the 1983 batch of the Indian Revenue Service (IRS).
He has over four decades of experience in the stock market, including 28 years with the Indian Revenue Services.
He served as a Whole Time Member of the Securities and Exchange Board of India (SEBI).
He played a key role in significant market policy reforms, including the revival package for the mutual fund industry in 2012 and the merger of the Forward Markets Commission with SEBI in 2015.
He initiated IPO reforms to enhance transparency and introduced mechanisms like the offer for sale for Public Sector Undertaking (PSU) disinvestment and the SME exchange to support small enterprises and startups.
Currently, Agarwal serves as Chairman and Independent Director on the board of Trust Mutual Fund.
He is also an Independent Director on the boards of ACC Limited., Star Health Insurance, UGRO Capital Limited., and MK Ventures Capital Limited.

14) Answer: B

Short Explanation:

Suzlon Vice Chairman Girish Tanti has been elected as the Chair of Global Wind Energy Council India (GWEC India).He was elected Vice-Chair of GWEC in April, 2024.
India ranks as the world’s 4th-largest wind market with significant onshore wind capacity (46 GW) and a prominent manufacturing hub for wind energy components.

Detailed Explanation:

Suzlon Vice Chairman Girish Tanti has been elected as the Chair of Global Wind Energy Council India (GWEC India).
He was elected Vice-Chair of GWEC in April, 2024.
Responsibilities: As Chair of GWEC India, Tanti will play a crucial role in collaborating with national and state governments to establish policy frameworks and drive momentum in India’s wind energy sector, encompassing both onshore and offshore wind projects.
India ranks as the world’s 4th-largest wind market with significant onshore wind capacity (46 GW) and a prominent manufacturing hub for wind energy components.
Note : Global Wind Day or World Wind Day is a worldwide event that is held on June 15.

15) Answer: E

Short Explanation:

Siddhesh Sakore, a farmer and the founder of AGRO RANGERS, from Maharashtra, has been named Land Hero by the United Nations Convention to Combat Desertification (UNCCD).
On the occasion of World Desertification and Drought Day, June 17, the UNCCD announced the names of 10 Land Heroes in a programme in Bonn, Germany.
Global Context: Land degradation affects up to 40% of the world’s land and nearly half the world’s population, with the highest costs borne by indigenous communities, rural households, smallholder farmers, and especially youth and women.

Detailed Explanation:

Siddhesh Sakore, a farmer and the founder of AGRO RANGERS, from Maharashtra, has been named Land Hero by the United Nations Convention to Combat Desertification (UNCCD).
On the occasion of World Desertification and Drought Day, June 17, the UNCCD announced the names of 10 Land Heroes in a programme in Bonn, Germany.
Apart from Siddhesh Sakore, other Land Heroes are from Brazil, Costa Rica, Germany, Mali, Moldova, Morocco, the Philippines, the US, and Zimbabwe.
Sakore, hailing from a farming family, holds a graduation degree in mechanical engineering.
He has developed cost-effective mechanical devices to convert organic waste into compost.
Sakore is dedicated to natural farming and waste management, focusing on solving soil degradation issues and empowering small and marginal farmers through innovative agroforestry models.
Global Context: Land degradation affects up to 40% of the world’s land and nearly half the world’s population, with the highest costs borne by indigenous communities, rural households, smallholder farmers, and especially youth and women.
Youth Engagement: Engaging youth in land restoration could create an estimated 600 million jobs over the next 15 years, contributing to economic growth and environmental sustainability.

16) Answer: C

Short Explanation:

The scientists of Ahmedabad-based Physical Research Laboratory (PRL) have discovered three new craters on Mars.
They have been discovered in the Tharsis volcanic region on Mars.
On the recommendation of the PRL, the International Astronomical Union (IAU) Working Group for Planetary System Nomenclature approved naming the three craters on Mars.
One crater has been named “Lal crater” after Prof. Devendra Lal, a renowned Indian geophysicist and former director of PRL from 1972-1983.
The second crater has been named “Mursan crater” after a town in Uttar Pradesh, India.
The third crater is “Hilsa crater”.

Detailed Explanation:

The scientists of Ahmedabad-based Physical Research Laboratory (PRL) have discovered three new craters on Mars.
They have been discovered in the Tharsis volcanic region on Mars.
On the recommendation of the PRL, the International Astronomical Union (IAU) Working Group for Planetary System Nomenclature approved naming the three craters on Mars.

Naming of Craters :

One crater has been named “Lal crater” after Prof. Devendra Lal, a renowned Indian geophysicist and former director of PRL from 1972-1983.
It is a 65 km wide crater, centred at -20.98° and 209.34°.
The second crater has been named “Mursan crater” after a town in Uttar Pradesh, India.
Mursan crater is a ~10 km wide crater superimposed on the eastern side of the rim of the Lal crater.
The third crater is “Hilsa crater”.
It is a ~10 km wide crater superimposed on the western side of the rim of the Lal crater.
It is named after a town in Bihar, India.

What is a Crater?

A crater is a depression or hole on the surface of a planetary body.
Craters are typically formed by the impact of objects (such as meteorites) or by geological processes like volcanic activity or explosions.

17) Answer: D

Short Explanation:

A woman-led start-up, Ingenious Research Solutions Private Limited, developed ‘Divya Drishti’, an Artificial Intelligence (AI)-based tool combining facial recognition with gait analysis.
The start-up was established by woman entrepreneur Shivani Verma after winning the prestigious ‘Dare to Dream 2.0’, a pan India theme-based contest organised by the Defence Research and Development Organisation (DRDO).
Support and Mentoring : The tool has been developed under the technical guidance and mentoring of the Centre for Artificial Intelligence & Robotics (CAIR), a laboratory of the DRDO based in Bengaluru.

Detailed Explanation:

A woman-led start-up, Ingenious Research Solutions Private Limited, developed ‘Divya Drishti’, an Artificial Intelligence (AI)-based tool combining facial recognition with gait analysis.
This innovative solution marks a “significant advancement” in biometric authentication technology, offering “enhanced accuracy and reliability” in identifying individuals.
The start-up was established by woman entrepreneur Shivani Verma after winning the prestigious ‘Dare to Dream 2.0’, a pan India theme-based contest organised by the Defence Research and Development Organisation (DRDO).
Technical Features:’Divya Drishti’ integrates face recognition with immutable physiological parameters like gait and skeleton analysis.
This dual approach improves identification accuracy, suitable for sectors including defence, law enforcement, corporate security, and public infrastructure.
Support and Mentoring : The tool has been developed under the technical guidance and mentoring of the Centre for Artificial Intelligence & Robotics (CAIR), a laboratory of the DRDO based in Bengaluru.
The initiative is supported by the DRDO’s Technology Development Fund (TDF), aimed at promoting start-ups in defence and aerospace sectors for ‘Aatmanirbhar Bharat’.

18) Answer: E

Short Explanation:

Neeru Pathak delivered a stunning performance at the National Youth Athletics Championships in Bilaspur, Chhattisgarh, setting a new U18 national record in women’s 400m.
Performance Overview: Neeru Pathak showcased outstanding sprinting skills, dominating Heat 3 with a timing of 54.93s and continuing her strong form in subsequent rounds.

Detailed Explanation:

Neeru Pathak delivered a stunning performance at the National Youth Athletics Championships in Bilaspur, Chhattisgarh, setting a new U18 national record in women’s 400m.
Clocking an impressive 52.85 seconds, she not only secured the gold medal but also surpassed the qualification mark for the World U20 Championships.
Her time marks the fourth-best U18 performance globally this year, highlighting her exceptional sprinting prowess throughout the competition.
Performance Overview: Neeru Pathak showcased outstanding sprinting skills, dominating Heat 3 with a timing of 54.93s and continuing her strong form in subsequent rounds.
World Championship Qualification: Her record-breaking performance ensures her participation in the upcoming World U20 Championships.
Men’s 400m Champion: Bapi Handsa set a meet-record of 47.12s to clinch gold in the men’s 400m, demonstrating his impressive form despite missing his personal best.
Women’s 100m Victory: Abhinaya Rajarajan claimed the gold in women’s 100m with a time of 12.09s, adding to her recent achievements in athletics.

19) Answer: B

Short Explanation:

Sumit Nagal, India’s rising tennis star, has reached a career-best ATP singles ranking of 71, marking a significant milestone in his career trajectory.
This achievement follows closely on the heels of his previous best ranking of 77, highlighting his rapid ascent in the ATP rankings.

Detailed Explanation:

Sumit Nagal, India’s rising tennis star, has reached a career-best ATP singles ranking of 71, marking a significant milestone in his career trajectory.
This achievement follows closely on the heels of his previous best ranking of 77, highlighting his rapid ascent in the ATP rankings.
Recent Success: Nagal’s impressive performance at the Perugia ATP Challenger tournament, where he finished as runner-up, propelled him to his career-high ranking.
Olympic Qualification: With a commendable 777 ATP points, Nagal has secured his place as India’s sole representative in men’s singles at the upcoming Paris Olympics.
2024 Highlights: His year began with a notable run at the Australian Open, reaching the second round, and included victories at the Heilbronn Neckarcup in Germany and the Chennai Open.
Upcoming Events: Nagal is set to compete in the main draw of Wimbledon followed by the prestigious Paris Olympics at Roland Garros, highlighting his packed schedule on the global stage.
Top 5 rank are:
Jannik Sinner- Italy
Carlos Alcaraz- Spain
Novak Djokovic- Serbia
Alexander Zverev- Germany
Daniil Medvedev- Russia

20) Answer: B

Short Explanation:

On the 19th of June every year, World Sauntering Day is observed each year all over the world to encourage people to slow down and appreciate the world around them and connect with nature.
In 1979, W.T. Rabe established World Sauntering Day.
He was the one who started this holiday in the 1970s.

Detailed Explanation:

On the 19th of June every year, World Sauntering Day is observed each year all over the world to encourage people to slow down and appreciate the world around them and connect with nature.
In 1979, W.T. Rabe established World Sauntering Day.
He was the one who started this holiday in the 1970s.
This day was created in response to jogging’s growing popularity. W.T. Rabe, it appears, has also devised a few sauntering norms.
This act must be performed in comfortable clothing, and “some people are just born with it,” according to W.T. Rabe.
The purpose of commemorating this day is to encourage people to take a break, enjoy life, and appreciate what they have.

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Daily Current Affairs Quiz – 19th June 2024

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